Virtual Power Plants and Electricity Markets

<p><p>This textbook provides a detailed analysis of operation and planning problems faced by virtual power plants participating in different electricity markets. The chapters address in-depth, topics such as: optimization, market power, expansion, and modelling uncertainty in operation and planning problems of virtual power plants. The book provides an up-to-date description of decision-making tools to address challenging questions faced by virtual power plants such as:</p><p><ul><li>How can virtual power plants optimize their participation in electricity markets? </li><li>How can a virtual power plant exercise market power? </li><li>How can virtual power plants be optimally expanded? </li><li>How can uncertainty be efficiently modelled in the operation and planning problems of virtual power plants? </li></ul></p><p>The book is written in a tutorial style and modular format, and includes many illustrative examples to facilitate comprehension. It is intended for a diverse audience inclu